[F1Part 1U.K.Article 1.2
Textual Amendments
F1Sch. 4 inserted (31.10.2004 for specified purposes, 14.1.2005 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003 (S.I. 2003/1476), arts. 1(3), 12
“This Directive shall not apply to persons providing mediation services for insurance contracts if all the following conditions are met:
(a)the insurance contract only requires knowledge of the insurance cover that is provided;
(b)the insurance contract is not a life assurance contract;
(c)the insurance contract does not cover any liability risks;
(d)the principal professional activity of the person is other than insurance mediation;
(e)the insurance is complementary to the product or service supplied by any provider, where such insurance covers:
(i)the risk of breakdown, loss of or damage to goods supplied by that provider; or
(ii)damage to or loss of baggage and other risks linked to the travel booked with that provider, even if the insurance covers life assurance or liability risks, provided that the cover is ancillary to the main cover for the risks linked to that travel;
(f)the amount of the annual premium does not exceed EUR 500 and the total duration of the insurance contract, including any renewals, does not exceed five years.”]